REG - Surface Transforms - Director Dealing

Surface TransformsAnnouncement

20/10/2022 08:15

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RNS Number : 4834D  Surface Transforms PLC  20 October 2022

 

20 October 2022

 

Surface Transforms plc

("Surface Transforms" or the "Company")

 

Director Dealing

 

Surface Transforms (AIM:SCE), manufacturers of carbon fibre reinforced ceramic
automotive brake discs pursuant to the Placing and Subscription, as described
in the announcement dated 29 September 2022, David Bundred, Non-Executive
Chairman, and Matthew Taylor, Julia Woodhouse and Ian Cleminson, each a
Non-Executive Director, subscribed in aggregate for 600,000 Ordinary Shares at
the issue price of 40 pence per Ordinary Share, that were admitted to trading
on AIM today.

Following the Subscription, each Director is beneficially interested in the
following Ordinary Shares:

 

 Director         Shares subscribed for  Beneficial interest in Ordinary Shares  % of issued share capital
 David Bundred    37,500                 1,397,525                               0.58%
 Matthew Taylor   375,000                430,000                                 0.18%
 Julia Woodhouse  125,000                125,000                                 0.05%
 Ian Cleminson    62,500                 164,553                                 0.07%

 

The capitalised terms used in this announcement have the same meanings as
defined in the Circular issued by the Company on 29 September 2022, unless
otherwise stated.

 

 For further information, please contact:

 Surface Transforms plc                                             +44 151 356 2141
 David Bundred, Chairman
 Kevin Johnson, CEO
 Michael Cunningham, CFO

 Zeus (Nominated Adviser and Joint Broker)                          +44 203 829 5000
 David Foreman / Dan Bate / James Edis (Investment Banking)
 Dominic King (Corporate Broking)

 finnCap Ltd (Joint Broker)                                         +44 20 7220 0500
 Ed Frisby / Abigail Kelly (Corporate Finance)
 Richard Chambers / Barney Hayward (ECM)

About Surface Transforms

Surface Transforms plc. (AIM:SCE) develop and produce carbon‐ceramic
material automotive brake discs. The Company is the UK's only manufacturer of
carbon‐ceramic brake discs, and only one of two mainstream carbon ceramic
brake disc companies in the world, serving customers that include major OEMs
in the global automotive markets.

The Company utilises its proprietary next generation Carbon Ceramic Technology
to create lightweight brake discs for high‐performance road and track
applications for both internal combustion engine and electric vehicles. While
competitor carbon‐ceramic brake discs use discontinuous chopped carbon
fibre, Surface Transforms interweaves continuous carbon fibre to form a 3D
matrix, producing a stronger and more durable product with improved heat
conductivity compared to competitor products; this reduces the brake system
operating temperature, resulting in lighter and longer life components with
superior brake performance. These benefits are in addition to the benefits of
all carbon‐ceramic brake discs vs. iron brake discs: weight savings of up to
70%, longer product life, consistent performance, reduced brake pad dust and
corrosion free.

For additional information please visit www.surfacetransforms.com

The information set out below is provided in accordance with the requirements
of Article 19 of the Market Abuse Regulation

 

Notification and public disclosure of transactions by Persons Discharging
Managerial Responsibilities ("PDMR") and persons closely associated with them
("PCA")

 1    Details of the person discharging managerial responsibilities / person closely
      associated

 a)   Name                                                         i)          David Bundred

                                                                   ii)          Matthew Taylor

                                                                   iii)         Julia Woodhouse

                                                                   iv)         Ian Cleminson

 2    Reason for the notification

 a)   Position/status                                              i)          Non-Executive Chairman

                                                                   ii)          Non-Executive Director

                                                                   iii)         Non-Executive Director

                                                                   iv)         Non-Executive Director
 b)   Initial notification /Amendment                              Initial notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Surface Transforms plc

 b)   LEI                                                          213800GQHNJPE5O8XO79
 4    Details of the transaction(s): section to be repeated for (i) each type of

    instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted

 a)   Description of the financial instrument, type of instrument  Ordinary Shares of £0.01 each

      Identification code

                                                                   ISIN: GB0002892528

 b)   Nature of the transaction                                    (i)         Purchase of 37,500 Ordinary Shares by David Bundred.

                                                                   (ii)         Purchase of 375,000 Ordinary Shares by Matthew Taylor.

                                                                   (iii)        Purchase of 125,000 Ordinary Shares by Julia Woodhouse.

                                                                   (iv)        Purchase of 62,500 Ordinary Shares by Ian Cleminson.

 c)   Price(s) and volume(s)                                       Name             Price(s)  Volume(s)
                                                                   i  David Bundred    40.0p     37,500
                                                                   ii   Matthew Taylor   40.0p     375,000
                                                                   iii  Julia Woodhouse  40.0p     125,000
                                                                   iv   Ian Cleminson    40.0p     62,500

 

 d)   Aggregated information                                       N/A

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      29 September 2022

 f)   Place of the transaction                                     London Stock Exchange, AIM

 

 

d)

Aggregated information

- Aggregated volume

- Price

N/A

 

 

 

 

 

e)

Date of the transaction

29 September 2022

 

 

f)

Place of the transaction

London Stock Exchange, AIM

 

 

 

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